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Gold/Mining/Energy : First Solar, Nasdaq: FSLR

FSLR 266.94

+14.3%

Oct 31 9:30 AM EST

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From: David C. Burns	2/23/2012 11:01:47 PM
	of 912

Europe’s Biggest Solar Power Incentive Bolsters Ukraine: Energy Solar-power capacity in Ukraine is forecast to double this year, spurred by the completion of Europe’s biggest photovoltaic plant in December and incentives a third higher than anywhere else in the region. Developers in the former Soviet republic may add panels with 300 megawatts of capacity after last year installing about 200 megawatts, according to the Association of Alternative Fuels and Energy Market Participants, the main lobby group tracking PV installations in the nation. It had just 2.5 megawatts in 2010. “A boom in solar is starting in the Ukraine,” Kaveh Ertefai, chief executive officer of Activ Solar GmbH, a Vienna- based developer that has installed 90 percent of Ukraine’s solar capacity. This year, he said, “there will be a lot of growth.” President Viktor Yanukovych’s efforts to develop Ukraine’s renewable energy industry contrast with steps to rein in solar subsidies in Germany, Italy and Spain after incentives for the industry pushed installations past government targets. Manufacturers led by Sharp Corp. and Schneider Electric SA are stepping up work in Ukraine. businessweek.com

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